The Credit Industry is changing, but our
commitment to you is not.
As a valued customer of The Home Depot, we believe it is important to help you
understand and navigate upcoming changes that will be impacting the credit
industry. You've likely heard about some of these changes that are a result of
the recent passage of the Credit Card Accountability, Responsibility and
Disclosure Act (The Credit CARD Act) and related regulatory changes. These
changes, most of which will take effect in February, 2010, will apply to all
consumer credit card products, including cards issued through retailers like
The Home Depot. That's why we're providing information, education, and support
to help you stay informed and maintain healthy credit in this ever-changing
Changes will be noticed in a few key
areas, including: 1) promotional offers, 2) statement design and 3) payment
allocation. As implementation of these changes draws closer, we will provide
more detail on this site, so please check back for additional information. For
a summary of additional changes under the Credit CARD Act please go to www.newcreditcardlaws.citicards.com.
Changes to promotional offers: one of the
new related regulatory changes will require minimum payments on all 'No
• Starting February 22, 2010,
all new 'No Interest' promotional offers on The Home Depot Consumer Credit
Card will require minimum monthly payments..
• This change will not
affect any previous 'No Interest, No Payment' promotional purchases that did
not require minimum payments and were posted to your account prior to February
• Any eligible purchase posted to your account on or
after February 22, 2010 will receive 'No Interest' under the terms of those
promotions and will require a minimum monthly payment..